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I ... the the ... the uh ... I how has warned that ... cause property sector as is serious risk to the economy joining me now is Hong Kong's market editor Jake Lee ... ok Jake was the biggest as the economy in the news is that if property prices dropped him and learns what is it ... when he's all about biking will be on a piece and re saying is wheel goes up must come down and we've seen is pro see Centre in Hong Kong where you shoot up prices in the company to double that of late two thousand ate ... this year hasn't quite finished to retreat I'm not ... anxious saying that the rapid increase ... is a bit on Health is warning of the so the number of correction as it likes to collect ... about of course has serious implications for the economy ... because of the whole linkages between the real estate and economy the KNF chorus the hunger and our government has tried to deal with the rising prices baby injured is the stamp duty tax ... a lot of people complaining about that tack saying it's harder to break into the markets ... aam but it doesn't appear to be working as it doesn't get it looking into this new chief executive of Hong Kong ... I make a mean that this year and when the things people were expecting was to calm down the Pulte sect set ... up a nice discussing happened attacks that he pushed and I've China make it more expensive for Mr. bought ... doesn't seem to want ... um one of the reasons is will we hear news that transaction volume has slowed down people have put out of line analysts say selling but that hasn't stopped this the creep up in in prices to transactions down the price is building on ... the other thing is is that I'm ... the IMF saying that it's in a mass market ever seen the re The rapid recent buildup and is tax especially season Chinese to tend to buy the more expensive us so that sort of explains the mismatch going on in a letter to the saying that actually if the government were to make an impact on this market what they would have to do is a limit orders from actually buying into the market ... but like we've seen in other places like Singapore but ... how realistic is it for the government to do something like that here it doesn't feel really sick at the moment a muscle saved into mom's side the other issue courses Buysight Hong Kong's new set of unique situation where it limits the supply of land and is needed and that pushes out a lil bit to get a lot of its revenue from that the the the other option is well it's just a supply lot more land to build a lot more houses but of course ... the big worry is if that happens too much we could see read Pope cheap prices crash so much not of course to be read to stop to pick on me ... to ... the government's green chopping ... China's The slowdown of the market without causing a correction of me and very very difficult ... thing to do ... and as those who have been trying to get into the Marquette to we're looking for that time when it gets them that it doesn't look like and when that ... the top of another very very difficult for people living and cake thanks AmEx Hong Kong Markets Editor Jake Lee for that star am more eco dated WS J dot com I'm Deborah con for The Wall Street Journal digital network